MCH backs ID software developer Logalty
MCH Private Equity has invested in Spanish digital identity specialist Logalty.
Following the deal, the GP plans to support the company in boosting its grow and international expansion, as well as developing and launching new products.
Tresmares Capital provided a debt package to support the deal.
MCH is currently investing via MCH Iberian Capital Fund V, which backs medium-sized companies headquartered in Spain and Portugal, generating EBITDA of €5-15m. The fund held a €200m first close in April 2020 and expects to reach its final close in the coming months.
Company
Established in 2005 and based in Alcobendas, near Madrid, Logalty is a provider of digital identification, electronic signature, website authentication and certified delivery services for clients operating across the banking, insurance, real estate and retail sectors.
People
MCH Private Equity – José María Muñoz (founding partner).
Advisers
Equity – Houlihan Lokey (legal); Uria (legal); KPMG (financial due diligence); EY-Parthenon (commercial due diligence).
Company – JB Capital (corporate finance); Garrigues (legal).
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